In 1988 the committee on banking supervision (BCBS), introduced the bank capital measurement system popularly referred to as the Basel Capital Accord. Answer the following questions based on the accords.
a. Highlight important points of all three Basel Accords (Basel I, Basel-II and Basel III).
b. Do you think that Basel III is good enough to prevent the reoccurrence of a situation like 2007-2009 financial crisis in future? Explain in brief.
Your answer should be in approximately 1000 words.
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